Sarah Branquinho has been appointed Chief Diversity & Inclusion Officer at Dufry and member of the Global Executive Committee, effective July 1, 2021. She will be reporting to Group CEO Julián Díaz. In this role, Branquinho will foster and further develop the group-wide implementation of the Dufry Diversity & Inclusion Strategy. Branquinho has worked for […]
Dufry
Dufry reports gradual improvements in 1Q 2021, Americas shows most “encouraging” results
The Americas, which is seeing an “encouraging” regional return of domestic travel and recovering duty-paid shopping, has helped Dufry’s business inch up in first quarter 2021. Plus, the travel retailer’s opening of a 3,000 sq meter store in Hainan in collaboration with Alibaba Group and Hainan Development Holding, gives it its first foothold in the […]
Hudson officially opens Nonstop, powered by Amazon’s Just Walk Out Technology, at Dallas Love Field Airport
Travel retail operator Hudson has opened the first Hudson Nonstop store using Amazon’s Just Walk Out technology at Dallas Love Field Airport (DAL). The opening celebrates Hudson’s commitment to delivering transformative retail experiences tailored to today’s travelers, says the company. Hudson is a Dufry company that operates more than 1,000 stores in airports, commuter hubs, […]
Dufry wins new retail contracts at Jamaica’s Sangster International Airport in Montego Bay
Global travel retailer Dufry has been awarded a new concession license at Sangster International Airport in Montego Bay, Jamaica, where it has held a contract since 2012. The airport operator, MBJ Airports Limited (“MBJ”), is currently expanding and redeveloping the retail space as it expands and modernizes the facility. Montego Bay is one of the […]
Lancôme TR Americas and Dufry open Lancôme’s biggest flagship in South America
Lancôme Travel Retail Americas and Dufry have partnered to open Lancôme’s biggest flagship in South America. The 43sqm store opened at the international departures area of Terminal 3 of São Paulo International Airport (GRU Airport) on January 31, 2021. Lancôme’s new flagship features numerous eye-catching screens and embraces the values of the brand – joy, […]
Dufry-Hudson successfully complete merger
Dufry and its subsidiary Hudson Ltd. successfully closed their previously announced merger on December 1, 2020. The closing of the transaction follows a special general meeting of Hudson’s shareholders held on November 30, 2020, where Hudson’s share-holders voted to approve and adopt the merger by 98.59% of the votes cast at the meeting. Following shareholder […]
Hudson 3Q and 9 month financial results improve from first half
Hudson Group reported improved sales trends in the third quarter ended Sept. 30, relative to the year-over-year sales results in the second quarter of 2020. Nevertheless, the COVID-19 impact on the travel retailer’s sales have been significant. Turnover for the three months ended September 30, 2020 decreased from the prior year period by 74.1% to […]
New border shops open in Brazil despite slowdown
Border store openings in Brazil slowed down towards the end of 2019 when the Brazilian economy stagnated and did not advance in line with expectations. The pandemic clearly made the situation much worse for all operators and business was non-existent during the second quarter of this year. As of the beginning of the third quarter, […]
Salt Lake City Airports opens the first phase of The New SLC
The Salt Lake City Department of Airports (SLCDA) opened the first phase of The New SLC Airport on September 15. Described by Bill Wyatt, SLCDA executive director as the “first new hub airport built in the U.S. in the 21st Century,” phase one of the $4.1 billion airport project features a new parking garage, gateway […]
Duty Free Dynamics finalizes Seiko’s presence with Dufry Mexico
Duty Free Dynamics has confirmed the full scale presence of Seiko’s medium-luxury range watches in Dufry’s high-end brands store # 126 located at Terminal 1, Boulevard 1, Mexico City International Airport. Seiko had been first introduced at this store in September 2019, in a pop-up shop that featured two counters displaying a wide range of […]
Dufry to acquire full equity in Hudson and delist Hudson from NY Stock Exchange
Dufry and Hudson Ltd. announced this week that they have entered into a definitive agreement in which Dufry would acquire all the equity interests in Hudson it does not already own for US$7.70 in cash per Hudson Class A share. Upon completion of the trans-action, Hudson will be delisted from the New York Stock […]
Dufry turnover plunges -62% in first half; accelerates re-opening and re-organization
Dufry, the world’s largest travel retailer, last week revealed the impact of the COVID-19 pandemic on its first-half results, and it should come as no surprise how dire the impact was on earnings. During the first six months of the year, Dufry’s performance was impacted by the unprecedented level of disruption of retail operations, globally driven by […]
Hudson reopens over 200 stores in phased approach, but reduces workforce nearly 40% due to COVID-19 pandemic
North American travel retailer Hudson has slowly begun reopening its travel stores closed due to the COVID-19 pandemic. Hudson is also bringing back a number of furloughed team members, announced the company in its 2Q financial statement. In order to preserve liquidity, the Company had implemented a number of cost savings actions beginning in March, […]
Gamma3 Council debates next steps for luxury onboard cruise retail
The Gamma3 Council, an association of brands and retailers in the high-end segment in the Americas, has been holding a series of virtual webinars organized by Diego Stecchi, managing partner of Luxury Retail Partner, who founded the group in 2007. A recent Gamma3 Council session examined the impact of COVID-19 on the Caribbean as it […]
Dufry’s new global restructuring program aims to reduce personnel expenses 20-35%
Travel retail giant Dufry last week announced that it was implementing a restructuring program to mitigate the consequences of the COVID-19 pandemic. The restructuring is in line with the initiatives that the company announced in May and earlier this month to reduce expenses and to adapt the company to the new business environment. The program […]
